Country report
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15 Pages

Cameroon upstream fiscal summary

Cameroon upstream fiscal summary

Report summary

Simple Production Sharing Contract (PSC)-based fiscal regime.  There are no royalties, but contractors must contribute to the Hydrocarbon Support Fund, which is levied at US$0.15 per barrel of oil produced.  Cost recovery varies between 60-70%.  Production remaining after cost recovery is divided between the NOC (SNH) and the contractor on a sliding scale, linked to the "R" Factor.  The contractor is also liable for corporate income tax, and a range of bonuses, rentals and fees are...

What's included?

This report includes 1 file(s)

  • Cameroon upstream fiscal summary PDF - 367.11 KB 15 Pages, 19 Tables, 12 Figures


Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key fiscal issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream fiscal summary report is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
  • Current licence, equity and fiscal terms
    • Basis
    • Licence terms
    • Government equity participation
    • Fiscal terms
      • Ring Fencing
      • Bonuses,rental and fees
      • Indirect Taxes
      • Royalty
      • PSC cost recovery
      • PSC profit sharing
      • Product pricing
      • Assumed terms
  • Fiscal stability
    • Recent history of fiscal changes
    • Stability provisions
  • Economic analysis
    • Split of the barrel and share of profit
    • Progressivity
    • Fiscal deterrence

In this report there are 31 tables or charts, including:

  • Executive summary
    • Revenue flow chart - Cameroon PSC
  • Current licence, equity and fiscal terms
    • Bonuses, rentals fees
    • Indirect taxes
    • Profit share tiers - oil
    • Profit share tiers - gas (under 150 mmcfd)
    • Contractor profit share rates - oil
    • Contractor profit share rates - gas (under 150 mmcfd)
    • Assumed terms by location - oil
    • Assumed terms by location - gas
  • Fiscal stability
    • Timeline
    • Timeline detail
  • Economic analysis
    • Split of the barrel - oil
    • Split of the barrel - gas
    • Share of the profit - oil
    • Share of the profit - gas
    • Effective royalty rate - onshore, oil
    • Effective royalty rate - onshore, gas
    • Effective royalty rate - shelf, oil
    • Effective royalty rate - shelf, gas
    • Effective royalty rate - deepwater, oil
    • Effective royalty rate - deepwater, gas
    • Maximum government share - onshore, oil
    • Maximum government share - onshore, gas
    • Maximum government share - shelf, oil
    • Maximum government share - shelf, gas
    • Maximum government share - deepwater, oil
    • Maximum government share - deepwater, gas
    • State share versus Pre-Share IRR - oil
    • State share versus Pre-Share IRR - gas
    • Investor IRR versus Pre-Share IRR - oil
    • Investor IRR versus Pre-Share IRR - gas
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